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Sherine Price, CRS, GRI, CHMS

March 2009 Snapshot of Oklahoma City Metro Area Real Estate Market Activity

Active Listings:

  • 8608 homes for sale in the OKC MLS
  • Average 116 days on the market
  • Average list price $224,241
  • Average list price per square foot $139.43
  • Average size: 2099 square feet, 3 Bed/2 Bath

Sold/Under Contract:

  • 3339 homes went under contract and/or sold
  • So we have an inventory of approximately 3 months
  • Average 92 days on the market for the sold properties
  • On Average, sellers are receiving 96% of their list price
  • Average sales price $140,754
  • Average price per square foot $75.75

For more information on the real estate market in the Edmond & Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@MovingUpInEdmond.com

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.

March 2009 Snapshot of Edmond, Oklahoma's Real Estate Market Update

Active Listings:

  • 1428 homes for sale in the Edmond school district
  • Average 112 days on the market
  • Average list price $358,389
  • Average list price per square foot $119.03
  • Average size: 2766 square feet, 3 Bed/2 Bath

Sold/Under Contract:

  • 450 homes went under contract and/or sold
  • So we have an inventory of approximately 3 months
  • Average 83 days on the market for the sold properties
  • On Average, sellers are receiving 98% of their list price
  • Average sales price $225,547
  • Average price per square foot $95.94

For more information on the real estate market in the Edmond & Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@MovingUpInEdmond.com

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.

4th Quarter 2008 Oklahoma Real Estate Market Report

In Oklahoma, the total number of sales is down 18.2% but the average cost of a home has increased by 2%. Check out these statistics from www.OklahomaREALTORS.com :

The average cost of a home in Oklahoma has increased by 2 percent compared to the fourth quarter of 2007. In the fourth quarter of 2008 the average cost of a home sold was $146,015 compared to $142,960 in the fourth quarter of 2007. Statewide, 9,420 homes were sold in the fourth quarter of 2008. This is 18.2 percent less than the number of homes sold in the fourth quarter of 2007 in which 11,518 homes were sold in the state.

The Oklahoma Association of REALTORS® reports residential sales activity from multiple listing services
across Oklahoma using information provided from local boards and associations.

Visit the Good Thing You're in Oklahoma Web site for more on Oklahoma statistics and information about OAR's "Good Thing You're in Oklahoma" campaign.

Visit my website at www.MovingUpInEdmond.com for your one-stop resource to buy or sell a home.

Cleveland County First-time Home-buyer's Down Payment Assistance Money Available!

There is now some new money available for first-time home-buyers down payment assistance in certain parts of Cleveland County! Here are the details:

Neighborhood Housing Services
1320 Classen Drive, OKC
(405) 231-4663
Contact person: Amanda or Nadia
www.nhsokc.org

Qualified applicants can receive up to 6%/$6,000 towards down payment, closing costs, pre-paids, etc.

1. For more information call the number above and stop by their office to pick up a packet.

2. If qualified and your application is complete, call to schedule your intake appointment.

3. Find your home and get a good contract on it, or you might already have a contract on your home. Your REALTOR will send them a copy of your contract.

4. They will conduct their own inspection of the property and process your application.

5. Attend their Home-buyer Education Class

6. Within 2 hours before your closing appointment, pick up your check (payable to your title company) and take it to your closing appointment!

It's a fabulous program, but the money will run out soon so don't delay!

Call or email me any time you have questions or want me to help you find a great home and negotiate a great contract.

I'll save you money and time with my personal attention & expertise!

Warm Regards,
Sherine Price
Metro First Realty
(405) 306-7770
www.ISellMooreHomes.com
www.SherinePrice.com
Sherine@ISellMooreHomes.com

First-time Homebuyer's $7500 Tax Credit

Great News! Many first-time home buyers are eligible for a special $7500 tax credit this year, according to The Housing and Economic Recovery Act of 2008.

It is a $7500 tax credit for qualified first-time home buyers purchasing homes between April 9, 2008 and July 1, 2009.

Click here for more details and information about the tax credit or go to www.FederalHousingTaxCredit.com

Call or email me any time you have questions or need assistance; visit my website at www.SherinePrice.com for great resources and information!

Warmest Regards,

Sherine Price CRS, GRI, CHMS, BS

REALTOR, Broker Associate

Metro First Realty

(405) 306-7770

www.ISellMooreHomes.com